A Lehman Brothers analyst recommends buying protection against a default on Pakistan's $2.7 billion of dollar-denominated bonds as President Pervez Musharraf seeks re-election next month.
An opposition party challenged a rule change favoring the re-election of President Gen. Pervez Musharraf in court Wednesday, while a top foreign envoy arrived to quiz the military leader on Pakistan's turbulent politics.
Pro-Taleban militants kidnap seven soldiers in Pakistan's tribal area, local police say.
The BBC's Brajesh Upadhyay in Washington examines how the US is adapting to the political uncertainties in Pakistan.
Pakistan's cricketers received praise from President Pervez Musharraf and a 10,000-dollar bonus each for their win against Australia in the Twenty20 World Cup, officials said.
Pakistan defeated Australia by six wickets Tuesday at the Twenty20 World Cup, and England looks set for an early exit after another loss.
Pakistan's cricketers received praise from President Pervez Musharraf and a 10,000-dollar bonus each for their win against Australia in the Twenty20 World Cup, officials said Wednesday.
Pro-Taliban militants in northwest Pakistan attacked a military checkpost on Wednesday and captured seven paramilitary soldiers, security officials said.
HONG KONG — Growing opposition to Pakistan President Pervez Musharraf may double the risk of the nation defaulting on its bonds, according to Lehman Brothers Holdings Inc.
ISLAMABAD — Pakistan’s cricketers received praise from President Pervez Musharraf and a $10,000 bonus each for their win against Australia in the Twenty20 World Cup, officials said yesterday.